Cars are our precious possessions. When we need to face the risks of theft and total loss (meaning that the vehicle is completely damaged and cannot be repaired or the repair cost is higher than the market value), we can pass the risk through insurance. The "Theft Loss Insurance Total Loss Depreciation Supplement" is designed to deal with these situations, allowing us to receive corresponding compensation protection when an accident occurs. Let us understand this important additional clause so that our car can be protected even if it is stolen!

Compensation for car body insurance theft does not cover! Learn more about the claim scope of "Theft Loss Insurance Total Loss No Depreciation Supplement"
With the progress of society and the improvement of life quality, cars have become an indispensable means of transportation in modern people's lives. However, when a vehicle is stolen, even if you have body insurance, the loss of the entire vehicle cannot be compensated, but you still have to face the dilemma of being unable to use the vehicle. In order to protect the rights and interests of car owners, insurance companies have launched "theft loss insurance", and the "total loss depreciation-free additional clause" provides car owners with full compensation protection. Let's take a deeper look at this important additional clause .

Regarding the insurance of the car itself, we can easily think of body insurance. According to the scope of claims of body insurance, body insurance can be said to cover the repair costs of damage to the car body. However, when the car needs to be repaired, body insurance can help; if the car is stolen, it is also a loss for the car owner, but body insurance cannot help at this time. Therefore, "theft loss insurance" appears.

"Theft loss insurance" mainly pays compensation for losses when the vehicle encounters theft. In a normal car insurance claim, the insurance company usually calculates the claim amount based on the vehicle's age and damage, which means that the car owner may only receive partial compensation. In other words, general theft insurance can only compensate for theft of the vehicle. residual value after. However, with the "Total Loss Depreciation Supplementary Clause" added to the policy, when the car owner encounters a total loss, the insurance company will no longer consider the depreciation issue, but will pay full compensation based on the actual value of the vehicle. This gives car owners more protection in the event of a loss, reducing the financial burden and allowing them to more easily cope with such emergencies.

A must-have for car owners! Reasons for purchasing theft loss insurance total loss depreciation-free rider
The "Theft Loss Insurance Total Loss Depreciation Supplement" provides more comprehensive protection for vehicles. This insurance is especially suitable for the following types of car owners:

New car owners: The value of a new car is relatively high. Once it is stolen or completely lost, the loss will be even greater. Insuring "Theft Loss Insurance Total Loss Depreciation Supplementary Clause" can ensure that in this case, a full compensation will be paid and the loss can be mitigated.
High-value car owners: Owners of high-value cars will suffer even greater losses. The "Theft Loss Insurance Total Loss Depreciation Supplement" can provide more comprehensive protection for high-value cars, allowing car owners to drive their cars with more peace of mind.
Vehicles that are frequently parked in high-risk areas: Vehicle theft rates are higher in certain areas. If you are frequently parked in such places, insuring the "Theft Loss Insurance Total Loss Depreciation Supplement" can provide stronger protection to ensure that the vehicle is Get appropriate help when threatened.

Things to note when purchasing theft loss insurance and total loss depreciation exemption additional clauses
Before purchasing the "Theft Loss Insurance Total Loss Depreciation Supplementary Clause", car owners must pay attention to the following points:

Please note that the "Theft Loss Insurance Total Loss Depreciation Supplement" is an additional clause, which can only be used as an add-on to the main contract "Theft Insurance" and cannot be purchased separately. Therefore, you must first purchase the main contract "Theft Insurance" before you can add the "Theft Loss Insurance Total Loss Depreciation Supplement".
Be aware of your deductible. "Deductible" refers to the amount borne by the insured when making an insurance claim. For example, if your policy has a deductible of $1,000, and you suffer a loss, the insurance company will deduct $1,000 from the claim amount, and the remaining amount will be the actual amount of compensation you receive.
During the period of insuring the "Theft Loss Insurance Total Loss Depreciation Supplement", each car owner can freely choose whether to have a deductible. The deductible will affect the final insured amount. Relatively speaking, since the insured bears part of the claim amount due to the incident, the premium will be cheaper.